Philanthropy means more than simply writing a check. It also means providing, in perpetuity, your continued support for causes about which you care. It can provide your children with the opportunity to carry on a legacy of family giving. And, combined with careful estate planning, it ensures that your personal resources are utilized in ways that accomplish both your financial and charitable goals.

Growing numbers of professional advisors -- attorneys, estate planners, CPAs and financial advisors - use a community foundation to help their clients create their own personal philanthropic legacy.

• Do you care deeply about your local community?
• Do you give to more than one charitable cause?
• Are you interested in creating a personal or family legacy in your community?
• Are you considering the creation of a private foundation, but concerned about the cost and administrative complexity?
• Would you like to stay personally involved in the use of your gift dollars?
• Do you want to receive the maximum tax benefit under federal law for your charitable contributions?
• Do you place a priority on sound financial management of your contributions?

If you answered yes to any of the above questions, you will benefit from knowing more about the Delaware County Community Foundation.
Contact us at 610-565-8353 or by email: delcocf@comcast.net

Mary Chen, age 70, is a retired teacher and has $100,000 in appreciated stock which she purchased some time ago for $20,000. The stock yields a dividend of 3%. Mary would like to increase her retirement income by investing in higher yielding securities, but if she sells the stock, she will have to pay capital gains taxes of $16,000. Mary’s advisor helps Mary establish a charitable remainder trust at DCCF. Mary names herself and her husband Paul, as the income beneficiaries. Because the trust is tax exempt, it can sell and reinvest the securities in higher yielding securities without having to pay capital gains on the sale.

The trust will pay Mary and Paul 6% of the trust assets for the remainder of their lives, thus increasing their annual income immediately from $3,000 to $6,000. Assuming the trust assets grow, their annual income will also grow proportionately to represent 6% of the trust value. Following both Mary and Paul’s death, the remaining principle in the trust will be used to establish a permanently endowed donor advised fund at DCCF with the Chen’s children as fund advisors.